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YouTube (GOOG) is rolling out a major revamp of its site, one that emphasizes TV-like channels...

YouTube (GOOG) is rolling out a major revamp of its site, one that emphasizes TV-like channels and a Facebook-like activity stream rather than individual videos. YouTube has already announced channels delivered by professional content sources, but today's overhaul is also focused on enabling users to create their own channels. Barclays estimates YouTube will generate $1.6B in 2011 revenue. (previously)
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